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Hawaii Multi-Family homes for sale

81 multi-family home for sale

Virtual Tour
Multi-Family Home
$2,425,000
Experience the epitome of Hawaii living in this multi-family home boasting breathtaking views of Kaneohe Bay embraced by the majestic Ko’olau mountains from the living room, kitchen & primary suite. Nestled on a private lane adorned with well-maintained custom residences and underground electricity, this residence w/ new roof provides a versatile layout, featuring a 3 bed / 2 bath upstairs, and a lower-level 1 bed / 1 bath suite complete with its own kitchenette, den, living area and two entrances, one private. The two units connect via an internal staircase. With an expansive 4-car garage, the possibilities abound. Relish in the gentle tradewind breezes and panoramic vistas of Kaneohe Bay, Coconut Island, and the Ko'olau Mountain range from your elevated second-story lanai, living room, dining area and spacious primary suite. Just a leisurely 30-seconds to the pristine shores of Kaneohe Bay or a quick 5-minute drive to the renowned Kailua Beach, indulge in the best of coastal living. The home is located on the border between Kailua and Kaneohe, situated within the desirable Kailua school district, while allowing for an effortless commute to Honolulu via the nearby H3 access.
$1.75m  $50,000
Kakaako
904 Piikoi Street, Honolulu
Multi-Family Home
$1,750,000  $50,000
Prime corner lot in the Kaka`ako Special District on main artery, blocks from Ala Moana Center with 6 units: 1 three, 3 twos, 2 ones. Currently used by a non-profit that is expanding, so property taxes are super low. All income and expenses are pro forma, and Seller may wish to lease back the property while they find a new home. Request flyer for pro forma income/expenses, rental comparable analysis, and sales comps, along with more property information. Nice layout with existing laundry facilities can easily be converted to coin machines for more income. All units separately metered for electric, multiple gas meters, one water meter.
Virtual Tour
Multi-Family Home
$2,750,000
A remarkable opportunity awaits in the heart of Waimanalo! Spanning 1.1 acres, this expansive lot features five single-family homes in different conditions, each equipped with its own cesspool. This rare property presents incredible potential for contractors, developers, or those envisioning a multi-generational family compound. Nestled against the dramatic backdrop of Mount Olomana, this serene location offers not only breathtaking mountain views but also a peaceful, private setting. The possibilities are endless—whether you dream of renovating, rebuilding, or developing to create your own oasis. Situated just moments from pristine Waimanalo beaches and a short drive to the vibrant town of Kailua, this property offers the best of both worlds: rural tranquility with easy access to amenities. Don’t miss out on this unique chance to own a slice of paradise in one of Oahu’s most scenic and desirable locations. Endless potential and rare beauty await!
Multi-Family Home
$2,000,000
Great income producing property! Consisting of 7 units: 4 studios and 3 one bedroom/one bath with 2 car carport. Ample street parking and close to bus lines. Owner replaced all of the posts and beams under the house as this is a post and pier construction. One studio has been fully renovated and one has been partially renovated. The other units are in fair condition. Exterior was recently painted with the addition of concrete stairs, fences and gates. Most of the rents are under market. Owner experimented with fully renovating a unit and the rent was increased from $950 to $1400! This is a significant increase with a small investment for renovation.
Multi-Family Home
$3,750,000
PRIME CORNER LOT PERFECT FOR BILL 7 CONSIDERATION! This large 10,000+ sf corner lot has convenient access to public transportation, the freeway, University of Hawaii and local schools. The apartment building has eight 2-bedroom/1-bath units with mostly long-term tenants who have benefited from under-market rents. The majority of tenants are on month-to-month rental. Here’s an opportunity to upgrade units to maximize income. Or rebuild, taking advantage of the City & County’s Bill 7 and Bill 3. Buyers to do their own due diligence regarding these programs and the significant concessions available to builders. Priced at commercial appraisal dated July 10, 2024. Do not disturb tenants or walk on the property without a prior appointment.
Multi-Family Home
$4,900,000
Charming building with timeless, stunning tile facade in the heart of Waikiki--a sparkling jewel to add to your portfolio with excellent income and covered parking. Huge 3 bed, 2 bathPenthouse and 14 one-bedrooms, and all units separately metered for electric, one water meter, hollow tile construction, and nice, spacious units, each with its own patio/balcony. Refurbished railings and all interiors have been redone with high end, durable tile and upgraded bathrooms and kitchens. Camera security. Monthly rent from parking and coin laundry with machines leased from WASH = extra income. Buyer to accept existing survey performed by Towill, Shigeoka & Associates Inc. on December 18, 2021. 260' height limit, should you want to redevelop.
Virtual Tour
$2.09m  $100,000
Ala Moana
1225 Rycroft Street, Honolulu
Multi-Family Home
$2,090,000  $100,000
A rare opportunity for investors! This is a two-story apartment with 6 units, each containing two bedrooms withone bathroom. Walking distance to Wal Mart, restaurants, bus lines etc. History with great rental occupancy. Oneunit has been re-modeled with other units having great potential. This property will cater renters looking for anapartment-style living in urban areas like Ala Moana. This property will be sold 'AS-IS' and Buyer(s) are to do their own due diligence.
$2.3m  $200,000
Kapahulu
3554 Trousseau Street, Honolulu
Multi-Family Home
$2,300,000  $200,000
Price Reduced!Four houses on Historic Property on rare corner lot near Diamond Head Rd and Monsarrat Ave. Also near KCC and Diamond Head Theater. Nice views of Diamond Head. All four houses are always rented. Tenants pay all utilities except water. Sprinkler system is installed, huge mango trees. Tax is just $300.00 per year because of historic status of over 10 years. This area of Kapahulu has sidewalks. Listing agent is owner.
$1.94m
Coconut Grove
703 Kihapai Place, Kailua
Multi-Family Home
$1,939,000
A2 zoned 6,000sq ft lot with two duplexes (4 units total, current total rental income $8,675 per month) just a few blocks away from Kailua town. Beautiful mountain views and Maunawilli stream frontage. Walking distance to shops and restaurants, easy access to the Pali Highway. Each unit is a 2bed/ 1bath. 4 electric meters, recently applied for permitting to upgrade all 4 electric meters to 100amp each. One water meter, recently upgraded all water supply lines to copper. The average rent per unit currently is approx $2,169/month. Some rents are below market value. Great tenants, all of them currently are on month-to-month leases and would love to stay. Current monthly expenses: $400 water, $75 yard service, $179 insurance. GE tax $390, property tax $436 per month. Zoning allows for a wide variety of development ideas with one of the lowest tax rates available in Hawaii. Sellers might do 1031 Exchange. Listor is a licensed real estate broker and one of the owners. Multiple tenants, please allow enough time to arrange it when scheduling a showing. Proof of funds/ pre-approval is requested before showing. Please do not disturb the tenants. Also listed in Single Family MLS#202421899.
$1.88m  $111,000
Aiea Area
98-165 Aiea Kai Way, Aiea
Multi-Family Home
$1,877,000  $111,000
Two oceanfront properties on over 14000 sq. ft. fee simple land. The two-story house boasts 3 spacious bedrooms and 3.5 bathrooms including a covered garage and a large covered patio. The single-level home has 3 bedrooms and 1.5 baths with its own covered patio. Both homes present the rare opportunity to enjoy breathtaking views of landmarks such as Arizona Memorial, the USS Missouri and Ford Island. Your backyard extends into Pacific Ocean, inviting you to fish and crab from your own backyard. Convenient to Pearlridge, Pearl Kai Center, Pali Momi Medical Center, and freeways. An extraordinary offering, this sale includes 2 oceanfront homes both having undergone CPR process in 2012. Reside in a home while generating income by renting out the other, or comfortably accommodate extended family. You have the opportunity renovate to your lifestyle. Includes: 98-165 A Aiea Kai Way and 98-165 Aiea Kai Way. To be sold "As Is" and via 1031 Exchange. Listor/owner. All information taken from sources deemed to be reliable, but not guaranteed and may differ from tax records. Agents and Buyers must independently verify any and all information they deem material or important to their purchase.
Oceanfront
$1.88m  $111,000
Aiea Area
98-165 A Aiea Kai Way, Aiea
Multi-Family Home
$1,877,000  $111,000
NEW PRICE. Two oceanfront properties on over 14000 sq. ft. fee simple land. The two-story house boasts 3 spacious bedrooms and 3.5 bathrooms including covered garage and a large patio. The single-level home has 3 bedrooms and 1.5 baths with covered patio. Both homes present the rare opportunity to enjoy breathtaking views of landmarks such as Arizona Memorial, the USS Missouri and Ford Island. Your backyard extends into the Pacific Ocean, inviting you to fish and crab from your own backyard. Convenient to Pearlridge, Pearl Kai Center, Pali Momi Medical Center, and freeways. An extraordinary offering, this sale includes 2 oceanfront homes both having undergone CPR process in 2012. Reside in a home while generating income by renting out the other, or comfortably accommodate extended family. You have the opportunity renovate to your lifestyle. Includes: 98-165 A Aiea Kai Way and 98-165 Aiea Kai Way. To be sold "As Is" and via 1031 Exchange. Listor/owner. All information taken from sources deemed to be reliable, but not guaranteed and may differ from tax records. Agents and Buyers must independently verify any and all information they deem material or important to their purchase.
Virtual Tour
Oceanfront
Multi-Family Home
$1,799,000
Oceanfront 4-Plex Investment in Kaneohe! An exceptional investment opportunity awaits with this oceanfront 4-plex in Kaneohe, offering four 1-bedroom, 1-bathroom units, each with separate electric meters and outdoor storage. Fully rented and generating steady income, this property is perfect for investors seeking a turnkey opportunity in a prime location. With direct ocean access, tenants can enjoy kayaking, paddleboarding, and serene views of Kaneohe Bay. Seller intends to sell together with neighboring single-family home as a package, MLS 202423481, TMK: 1-4-7-017-013. Imagine waking up to the gentle sound of the ocean, enjoying serene sunrises over Kaneohe Bay, and having direct access to the water for kayaking, paddleboarding, or just relaxing by the shore. Conveniently located near shops, dining, and outdoor activities, this oceanfront package offers the best of Hawaii’s lifestyle and is an exceptional investment opportunity. Don’t miss your chance to own these prime oceanfront assets in one of Oahu’s most desirable areas! Click link for more pictures, videos and floor plans!
Multi-Family Home
$1,895,000
Amazing opportunity to buy a lot in Waikiki. Improvements are near tear down. Contractor, builder or developer can turn this property into a great new asset. Waikiki is a special district. Waikiki is an iconic destination. Restaurants, beaches, night life and more. Bring your developers by this gem. This is a commercial sale where no Seller's Real Property Disclosure will be provided. Rarely does an apartment zone lot come on the market in Waikiki. Act fast as this lot wont last long. Viewing of homes from exterior/outside "only." Homes are old and unsafe to enter.
$2.25m  $250,000
Punchbowl-lower
1420 Ward Ave, Honolulu
Multi-Family Home
$2,250,000  $250,000
PRICE IMPROVEMENT! Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development. Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.
$8.35m
Punchbowl-lower
1463 Lusitana St, Honolulu
Multi-Family Home
$8,350,000
20-unit fully renovated CMU apartment building in the heart of Honolulu with 20 covered parking stalls! Property is 100% leased and provides excellent, stable cash flow with income/expenses stated being based on in-place leases and budgeted expenses for the year. Property underwent a full renovation in 2021-2022 which included roof re-coating, new fences/security gates as well as a roll-down parking gate. Interior luxury finishes were completed in each unit with new paint, flooring, cabinets, counters, light and plumbing fixtures. This is an extremely rare opportunity to acquire a large, stabilized apartment building in town!
$1.98m  $120,000
Kapalama
844 N King Street, Honolulu
Multi-Family Home
$1,980,000  $120,000
Rarely available retail and multi-family corner property in Kalihi. 3 (three) commercial retail space with frontage, great visibility, and individual restrooms. Apartment building in the back with 5(five) 2 bedroom, 1 bath units and 1 (one) 4 bedroom, 2 bath unit. BMX-3 zoning allows for multiple uses. Property allows for 2 car parking with ample street parking. Near Palama supermarket, Costco, walking distance to Tamashiro Market and King's Gate Plaza. Great for Investors or owner users.
Multi-Family Home
$1,998,000
Centrally located multi-family property of over 7,500 square feet with a total of 3 buildings consisting of two 1-bedrooms and three 2-bedrooms with 5 parking stalls. Potential for redevelopment or as a cash flow investment. Minutes to downtown Honolulu, surrounding hospitals, and Kakaako shops and restaurants.
$4,040,000
Prime location on Kapiolani Blvd. Currently rent as 6 separated units. Rents are below current market rent. This sales including TMK 123-034-019-0001, 123-034-018-0002, 123-034-019-0003. Three detached CPR houses (Condominium Property Regime). Front & middle houses have Five bedroom/3baths(3/2 up 2/1 down) and the back house has three bedroom three bath(2/1 up 1/1 down), built in 2015 with stucco exteriors and garages. Each home features a spacious interior with a separated entrance. Walking distance to the world-famous Ala Moana Shopping Center, Beach Park, and yacht club. Near by Keeaumoku with all the eatery & Don Quijote supermarket. Conveniently close to Waikiki, with easy access to restaurants, bus stops, and the convention center, These properties can be sold individually or as a package. All interior photos were taken before tenants moved in.
$2.65m  $338,000
Moiliili
2014 Fern Street, Honolulu
Multi-Family Home
$2,650,000  $338,000
Fantastic Cap Rate Return! Completely Renovated, Turn Key Opportunity with all tenants paying excellent market rents. Interiors are beautifully upgraded with all new everything, and a welcoming, bright layout. Well-situated investment in the heart of Makiki with easy access to UHM, Waikiki, and Ala Moana equals a stellar, reliable tenant pool. Two buildings: front building is hollow tile first floor with 3 one-bedrooms and wood second floor with one three-bedroom and 1 one-bedroom upstairs; back building is all hollow tile 4 one-bedrooms. All units are separately metered for gas and electric, one water meter. Coin, owned laundry. Buyer to accept existing survey performed by Ailana Surveyors August 24, 2023.
Multi-Family Home
$1,700,000
This 2-story apartment building in cul-de-sac offers six 2-bedroom, 1-bathroom units with three on the lower level and three on the second level. Building contains a total interior square footage of 3,400 + square feet and is situated on a level 8,000 square foot lot. Exterior construction is hollow tile construction on ground floor with single wall/wood frame construction on upper level. 4 uncovered parking stalls are also available. Electricity is separately metered. Property is approximately a tenth of a mile from the Waimalu Shopping Center and approximately a quarter mile away from the Kalauao Pearlridge Station. Property to be sold in "AS IS" condition. Photos of the interior of two of the apartments were taken before the tenants took occupancy.
$1.2m
Wahiawa Area
309 Olive Ave, Wahiawa
Multi-Family Home
$1,200,000
Don't miss out on this rare opportunity to own a versatile property in Wahiawa. THREE SEPARATE UNITS. Live in one and rent out the two others, or keep them all rented out and collect immediate income. Ideal for investors, it currently brings in $5,756 a month in rental income. Zoned A-2 and sits on a spacious 7,059 square foot lot. It includes two detached single-family homes, each with its own electric meter (three in total) and two water meters. The homes were remodeled in 2002 with updated plumbing, electrical, and new footings. Conveniently located near Schofield and Wheeler military bases, and just a short drive to North Shore's town and beaches, this property offers both immediate income and future potential.
$1.3m  $100,000
Makaha
84-956 Hanalei Street, Waianae
Multi-Family Home
$1,295,000  $100,000
***Price Improvement*** Great Investment Opportunity! Perfect as a family compound or investment property. This property consists of 1 - 4 bedroom and 2 bath, 2 - 3 bedroom and 1 bath and 1- 2 bedroom and 1 bath home. One of the 3 bedroom homes has been recently renovated with vinyl flooring and both bathroom and kitchen cabinets. Just a short drive from famous beaches, shopping malls and grocery stores. Units A & B pay electrical and units C & D have all utilities included. The listed income is proforma and the expenses are the actual for year 2023. Actual square footage does not match tax records. Buyer to do their own due diligence.
Multi-Family Home
$2,200,000
Are you a first time investor looking for a promising income generating property? Look no further! This exceptional 11-unit apartment building in the highly sought after Wilikina area offers everything you need for a successful investment. 11 units that are all 1 bedroom configurations and with 11 parking stalls! New roof and exterior painting done in 2023 that help enhance the property's curb appeal and durability. The building has a coin operated community laundry area on the ground floor to add additional income every month. Property is in close proximity to schools, shops, restaurants, convenience stores, and easy access to highway. Schedule your viewing today to start your investment portfolio or to add to your existing portfolio! 3 units are vacant for showing. Income and expense are based on 8 rented units only.
$1.9m  $200,000
Punchbowl Area
322 Auwaiolimu Street, Honolulu
Multi-Family Home
$1,900,000  $200,000
Property like this rarely comes on the market, with over 20,000 sqft of usable land zoned R-5 in the center of Honolulu! This gently-downsloped, nicely-shaped parcel has plenty of parking and is convenient to transportation. From its sweeping lawns, the mountain and valley views are spectacular. The owners have a topo map plus schematic designs for development of five homes, with sewer connections approved at that time, subject to re-applying--or buyers may build their own dreams! The two houses on the property have some solid qualities and are occupied by tenants, but the property is being sold well below the Assessed Value of even just the land. Don’t miss this amazing opportunity! Also listed on MLS under Single-Family MLS #202417895.
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